Taurus—a Swiss crypto platform for tokenizing assets—announced its integration with Polygon on Friday, allowing banks to “issue, book, and service,” tokenized assets on the speedy, proof-of-stake network. The partnership creates another link between the crypto industry and the European banking segment, helping reimagine old-school financial instruments on a modern, relatively decentralized foundation. “Building on Polygon […] is a natural step…
The ongoing lawsuit against Elon Musk over his Dogecoin dealings has taken another turn. The group of DOGE investors has now accused the billionaire of engaging in manipulative practices that influenced the price of the popular meme cryptocurrency. In an amended filing made on May 31 in the U.S. District Court for the Southern District of New York, the investors…
Large Bitcoin miners operating in Texas, such as Riot Platforms and Lancium, can breathe a sigh of relief after one bill, which would have eliminated energy credit incentives for the industry, is effectively dead. “We are thrilled that the Texas House saw fit to ensure that SB 1751 did not make it to the Governor’s desk,” Lee Bratcher, President of…
In the digital age, AI has emerged as an unexpected ally against loneliness. As we become more immersed in the digital world, artificial intelligence is stepping up to offer companionship and psychological therapy. But can AI truly replace human companionship? Psychotherapist Robi Ludwig recently spoke to CBS News earlier this week about the impact of AI, especially now that AI…
In brief Tether is a stablecoin, a type of cryptocurrency that is designed to be pegged to a given currency. Its USDT cryptocurrency claims to be backed 1-to-1 by the U.S. dollar, though critics have questioned whether it is fully backed by cash reserves. In May 2023, Tether’s USDT stablecoin hit an all-time high in market capitalization, surpassing its previous…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Is a truly open metaverse possible? Neal Stephenson and his team at crypto startup Lamina1 (L1) are convinced that blockchain can help bring it into fruition—and that a certain social media giant co-opted the concept of a metaverse without understanding its true meaning and intent. Lamina 1 is a…
Tesla CEO and Twitter owner Elon Musk hosted a conversation with presidential candidate Robert F. Kennedy Jr on Monday. And while it lasted for more than two hours, Bitcoin and the digital assets industry never came up. The chit-chat between the two, moderated by entrepreneur David Sacks, didn’t begin until 15 minutes after its scheduled start. The talk was not,…
One of Russia’s biggest banks, Rosbank, will use cryptocurrency to make cross-border payments, according to reports. The sanctioned bank has already piloted transactions with corporate and private clients, Russian newspaper Vedomosti reported Thursday. The U.S. Treasury Department last year sanctioned Rosbank and its owner, oligarch Vladimir Olegovich Potanin, who Bloomberg lists as Russia’s richest man. Vedomosti did not say which…
The Ethereum ecosystem finds itself in the throes of a controversy surrounding the outsized footprint one of its staking pools, Lido Finance (LDO), has on the overall network. “Centralization concerns around LSD’s are well-founded” began a tweet by founder of The Daily Gwei and independent Ethereum educator, Anthony Sassano. He added: “If my fellow Ethereans want Lido dominance to go…
The rise of generative AI, the buzziest thing in the tech world today, is also on the minds of TV and film writers as they try to reach a fair and equitable agreement to end the ongoing Writers Guild of America (WGA) strike. The dispute between the WGA and the Alliance of Motion Picture and Television Producers (AMPTP) has entered…
